Bloomberg Geneva prosecutors have opened a fresh investigation into alleged forgery by former Credit Suisse Group AG banker Patrice Lescaudron, seven weeks after his release from prison and just as appeals in the case got underway in Geneva. Swiss prosecutors in the more than three-year-old case are looking into how Lescaudron allegedly faked dozens of bank statements for one of …

Bloomberg Bank of America Corp (BofA) Chief Executive Officer Brian Moynihan predicted another round of consolidation in the US that could lead to the emergence of a new competitor. The Charlotte, North Carolina-based lender, which controls about 13 percent of the US retail banking market, came together through the merger and acquisition of hundreds of companies, Moynihan said on a panel …

Bloomberg Deciphering the intentions of Federal Reserve officials rarely gets this easy. As one after another preaches patience before their next interest-rate move, a tougher question is emerging about their plans to pause: Is this a pit stop or the peak? After nine rate increases since December 2015, Fed officials have shifted from signalling “gradual” tightening to a stance that …